Where do you get your information from on fund buying and selling?
Institutional investment managers, with at least $100 million in equity assets under management, are required to file SEC Forms 13-F by the 45th day after the end of the quarter, which generally corresponds to 15th of April for Q1 filings, August 14th for Q2 filings, November 14th for Q3 filings, and February 14th of the next year for Q4 filings. These include mutual funds, hedge funds, pension funds, banks, insurance companies, foundations, and other investment companies. The 13-F filings detail the equity holdings of their funds as of the last date of the quarter.
Given that, other than periodic Institutional 5% ownership filings of SEC Forms SC 13D/G, these are the only comprehensive look we have at the holdings of Institutional investors, they are watched and analyzed closely by the larger investment community, especially the ones that are held in high esteem such as legendary or guru fund managers, and the world’s largest or mega fund managers, and others. The database information that drives this Site is based on these SEC filings. As such, the bulk of the re-set will happen within 7-14 days after the last deadline of the filing of SEC 13-F’s, that is sometime in the last week of the second month after the end of the quarter. And it will be updated daily and periodically based on the latest SC 13D/G filings, and next quarter 13-F filings, as they become available.
How often is the information updated on the Website?
The short answer is daily, and as close to real-time as possible. That being said, SC 13D/G’s will be updated in most cases daily, overnight, new SEC 13-F’s for the next quarter will be updated by the following weekend, and overall the quarterly update of the Consensus Buy and Sell Picks will be done once a quarter, about five to ten days after the filing deadline for funds (which is the 45th day after the end of the quarter).
How accurate is the information on the Site?
We use publicly available SEC filings to construct our database of Consensus Picks by fund group, and by Industry and individual stocks. Our database is only as accurate as the filings by the Institutional investors, which in many cases are unaudited. Our database includes holdings of over 5,200 stocks for current and prior quarters for over 300 funds, or about 4 to 5 million data entries/ calculations per quarter. We take care in processing the data, and often apparent mistakes may not be in reality mistakes. For example, BlackRock, the world’s largest institutional investor, files as six different entities that we summed up to arrive at their holdings; a user may look at BlackRock Inc.’s holdings alone, and in matching it to the data on our website, incorrectly conclude that our data is in error. However, we still encourage users to bring to our attention if they notice data that they do not believe to be accurate, and we will review and correct if applicable.
How does the information in the Industry Reports differ from the Membership-level access?
Both are driven by our quarterly database on Institutional holdings (updated daily and periodically), based on the SEC filings. Both are similar in that, they both will detail Consensus Buy and Sell Picks for the latest available quarter for the same list of stocks (5,200+) divided into over 200 Industry Sub-Groups; both will list, the Guru/Mega Rank (a proprietary ranking system), fund holdings, new buys, new sells, percent change in holdings of that stock by the fund group compared to its holdings last quarter, percent of outstanding shares the fund group holds; and finally, a listing of the top three holders in that fund group for that particular stock, their holding, and the change from the prior quarter.
Although the Industry Reports also have certain interactive features such as sorting and filtering, to aid, for example, in finding the stocks in the group with the highest rank or largest purchase, or to find if a particular fund is among the top holders, buyers, or sellers, of any of the stocks in that Industry Sub-Group, the Membership-level screeners have much more powerful interactive features. There are three basic screens to get information for each fund group at the Membership-level, and a preliminary look at the powerful interactive features of the primary Industry-level screener can be had by the taking a “Test Drive”, linked at the top in the top-bar.
Furthermore, Membership-level access Screener Report tables also contain updated information since the end of the quarter, based on daily SC 13D/G Institutional 5% ownership filings and the new SEC 13-F filings for the next quarter. The SC 13D/G filings will be updated in most cases on a daily basis, overnight, and the new 13-F filings will be updated latest by the following weekend. Also, in addition Membership-level access at the “Premium Member” allows you access to the remaining three of the six fund groups, for which Consensus Buy & Sell Picks, can be accessed via the Site. These include Billionaire & Billionaire fund manager picks, New Masters picks, and Tiger fund picks. Industry Reports, on the other hand, can only be purchased for Guru, Mega & Sector-focused fund groups.
Will I receive confirmation of Payment (invoice), and How will I get access to the Site?
Once payment is made via our payment processing solution provider, you will be auto-directed to either a report access page (for Industry Report purchases), or a “Registration” page (in the case of Membership-level Access). Should you somehow miss that, due to a browser malfunction or otherwise, an e-mail will also be sent to the e-mail you entered when making the payment. Please check that e-mail account, including your spam folder, before contacting us, as this is done automatically by our Membership Software.
What should I do if I forget my password?
Passwords may be changed by clicking on ‘Edit My Profile’ in the Login Panel found on most pages on the Site, including the home page. If you cannot access the site, as you have forgotten the password, you can reset it by clicking on “Membership Login” in the top-menu bar, and then clicking on forgot password link in the box. Once you enter your username or email, you will receive an e-mail to create a new password in the e-mail you used during sign-up.
How do I cancel my subscription?
Industry Reports are purchased as one-time payment only, so there is nothing to cancel.
We have made cancellation of Membership-level access very simple, by providing a link on the Membership Welcome page you will be directed to every-time you log-in. The cancellations are handled automatically and seamlessly by our Membership Software & Payment Processor, and is as simple as clicking on a link and then confirming cancellation (see here and here). Even after cancellation, you will continue to have access to the purchased content until the end of the term that you purchased. But there will be no recurring charges after the cancellation.